Gold: Will the Falling Wedge Breakout Ignite a +16% Rally?Hey Realistic Traders, let’s dive into the analysis of NASDAQ:GOOGL
In the daily timeframe, Google has broken above the upper trendline of the falling wedge pattern. The price has consistently remained above this trendline for the past three trading days, with rising price movement accompanied by bullish divergence.
Bullish divergence on the MACD indicates that while the price makes lower lows, the MACD line forms higher lows. This divergence suggests a weakening of bearish momentum and the potential for a price reversal to the upside.
Given these technical factors, we forecast a potential upside movement toward the designated target of 181.36 . After reaching this level, a pullback to the green zone around $160 may occur before the price advances to the second target at 191.52.
This technical outlook remains valid as long as the price stays above the support area at 148.77.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Google.
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Foredxtrading
reinforce market sentiment when gold rises too highInterest rate expectations: Investors expect the FOMC will start cutting interest rates from September onwards.
Geopolitical instability: Ongoing conflicts in Ukraine and the Middle East continue to destabilize markets, causing investors to seek haven assets such as gold.
Central banks diversify reserves: Central banks are proactively increasing the amount of gold in their reserves, reducing dependence on the USD. Although China recently paused gold purchases, a World Gold Council (WGC) report shows that 20 other central banks still plan to increase their gold holdings.
Rising demand: Demand for gold from people in India and China shows no signs of slowing down. India's gold reserves are at their highest level in two years, and a real estate market downturn in China is driving up gold demand.
gbpjpy sell ideaas i was about to close my eyes my alarms started going off for GBP/JPY im looking for a Massive move to the Downside, i do NOT know if its going to happen now, but i have a Plan and am Prepared for this market to give us a Sniper entry!!
Disclaimer- information shared is for educational and demo purposes only, please master and practice proper risk management while trading in the financial markets!!
CAUGHT UP IN THE RAPTURE OF PIPS!The market as a strict schedule it adheres to after a certain our.
These Moves happen Daily.
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GBPUSD - Full Analysis Breakdown. Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPUSD. We have a large supply area that has been highlighted on the Monthly & Weekly timeframes. Fundamental factors such as COT date is also suggesting shorts. However this is not reflecting on our charts just yet.
If you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free education please like and follow the channel, we do post daily educational content.
Trade Safe
Alpha Trading Group.
GBPAUD - Full Analysis BreakdownWelcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPAUD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
AUDUSD - FULL ANALYSIS BREAKDOWN & FORECAST ! WATCH THIS PAIR !Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content that we post daily on all platforms.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
GBPAUD price found support on S2 this early in the week This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURCADHappy Sunday Traders
This pair is currently pushing up very strongly on the daily chart. But, it has entered into an area which I called the Monthly Resistance Zone. This is an area that the EURCAD has tested multiple times in the past as resistance and is possibly an area that we could see a nice Counter-Trend bounce out of this market. For that reason, I will be looking in this area for possible short trades this week.
Monthly Resistance Zone- (1.55160-1.61720)
GBPJPY- Running +270!GBPJPY- a lot more movement to the downside today, this trade is now running around +270 pips since the strategy confirmed the SELL!
This strategy is built from 4 individual finely tuned strategies which we have built into ONE! extremely simple to use and very profitable. as you can see from past posts this catches most if not ALL moves! yes we do hit some stop losses but then catch the move in the other direction and cover ourselves. NO technical analysis needed! simply follow the buy and sell labels with the colour changing candles interested? drop me a message... this WILL make you more profitable!
GBP/CAD (1.636 is a good resistant region for now!)View On GBP/CAD (28 August 2019)
Did you read the previous analysis?
1.636 is proven to be good resistant.
It may pull back to 1.6162 (or) 1.605 first. If you want to buy in, you can patient until the mentioned levels (or) wait for the support region.
Time it well.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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AUDCAD approaching support, potential bounce! Price is approaching our first support at 0.9553 (Horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9698 (horizontal overlap resistance, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching support where a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.